Continuance item 2 ab for case numbers franklin street downtown project theoretician and variance are property for continuance until february 11, 2016, item 3 at summer set kwifs is proposed for february 25, 2016, and items 4 ab for case numbers california street conditional use and variance are property for continuance until february 25th, 2016, and case no. Exterminating space for waste storage from f ar and impact fees proposed for definite continuance commissioners further on our agenda in want discretionary review calendar item 1614 accounting after a discretionary review is proposed for continuance to february 25, 20162017 both parties in agreement to continue that matter. Okay any Public Comment on this item . Obtain items proposed for continuance. Okay not seeing any, Public Comment is closed. Commissioner wu. Move to continue as proposed. Second. Thank you, commissioners on that motion to continue all matters as proposed commissioner antonini commissioner hillis commissioner j
As well as the establishment of a [speaker not understood] Improvement District allowing for the district to levy assessmentses of up to 1. 5 to do improvements. 5 of that was available towards improvement of moscone and the city also contributed by way of certificates of participation to the 56 million improvement that is now at moscone. So, weve already established that partnership whereas in the first three pieces were voter approved and this is nonvoter approved. And we also partnered with sf travel improvement. We are now proposing as part of the expansion another collaboration. So, this is similar to what weve done historically. Thank you. This slide is a highlight of attachment 3 of the budget analyst and legislative report. It shows you a huge cash flow. We are proposing a not to exceed amount of 507. 9 million, and weve assumed an Interest Rate of 6 . We are requesting that as part of the approval you authorize the [speaker not understood] to use commercial paper during the co
Meeting rooms to bring it up to 85,000. 80,000 square foot or more of contiguous exhibit space which is the most important space for the Convention Center. Up to 87,000 in multipurpose space and 178,000 of support spaces such as loading, service, restaurants and things like that. The one of the key objections of the expansion project would be to maintain Continuous Operation during the construction for the expansion of the Moscone Convention center. In addition to the improvements to the facilities, we will also be looking to improve streetscape, connectivity, bicycle and pedestrian safety, and bring a sense of arrival of Moscone Convention center with [speaker not understood]. The image before you is an aerial view of moscone showing where where the areas of expansion will be. That is at the north, south, and at the East Building what we call the esplanade building. The next couple of slides will show a sample of Cultural Facilities including existing deficient conditions at Moscone C
It were by background, an annual appropriation by the general fund, making the Convention Visitors bureau rather than applying it to its operating budget. The proposal is to reallocate toward the repayment of cop. These are not new dollars. These are dollars that have already been committed historically to the convention [speaker not understood]. The next slide is the sequence of how the flow of funds would work. As you know, by requiring 6 proposing 6 interest, it is way higher than your typical the current market. In addition, we assumed in looking at the med assessment, if you look at assessment 3, that there are no it is just a cpr of 3 . It doesnt assume any additional growth in Hotel Tax Revenues and so on. By using those conservative assumptions we have discussed and in agreements with sf travel we would establish a Stabilization Fund of approximately 2 million. And the idea was by looking at the last 10 years we realized [speaker not understood] general tax revenues were volati
Program, as you can see, the 500 Million Dollars project and the 150 is not sufficient, we could potentially reduce that 41 million to zero, which would reduce the overall borrowing cost of the transaction. So, colleagues, this is something i talked to ms. Sese about last week when i was briefed on this project. And i think its something id like to be looking at later on this year. I mean, this is if we have this expansion potential for commercial paper program, this is millions of dollars of cost savings for the city longer term. So, not for this today, but something in the future i wanted to flag it. But thank you for talking about that. Thank you. Thank you, nadia. As you can see by the schedule, we have a lot going on. Excuse me real quick, supervisor avalos. I just have a quick question. Perhaps, john, you might be able to respond. We have our tourist Improvement District which probably is going to continue. Is that going to have play any role in the Actual Debt Service that we ha